Lesiker’s Business Communication Solution 5

Lesiker’s Business

Communication Communication Solution

Chapter-2: Critical Thinking Exercises Using Familiar Words 17. The company must desist from its deficit financing immediately.

17. The company must stop spending more than it receives now.

18. This antiquated merchandising strategy is ineffectual in contemporary business operations.

18. This old selling strategy will not work in business today.

19. Percentage return on common

19. Stockholders received payment of 23.1 percent of the value of their common stock.

stockholders’ equity averaged

23.1 for the year. 20. The company’s retained earnings last year exceeded $2,500,000.

20. The company kept over $2,500,000 of its profits last year.